Geecee Ventures Limited has informed the Exchange about Disclosure under regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 ( Listing Regulations ) - Acquisition of shares of Adani Enterprises Limited
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GeeCee Ventures Limited has invested Rs. 3.45 Crores in Adani Enterprises Limited (AEL) by purchasing 15,000 equity shares at Rs. 2,300.6 per share through open market transactions. The shares will be credited on April 27, 2026. This acquisition represents 0.00% of the paid-up capital of AEL, which has a paid-up capital of Rs. 130.16 Crores and reported a turnover of Rs. 26,708.97 Crores for FY 2024-25. GeeCee Ventures stated this is part of its investment activity and is a miniscule part of its overall investment portfolio. The total cost of investment in AEL equity shares now exceeds the disclosure threshold under Regulation 30(4)(i)(c) of SEBI LODR.
The acquisition has minimal direct impact on GeeCee Ventures shareholders as this represents a small strategic investment in a large listed company. The disclosure requirement being triggered indicates the cumulative investment has become material from a regulatory perspective.